Digestive Health Care Products Market is Expected to Account around US$ XX Mn by 2025, Due to Increasing Awareness About the Importance of Digestive Health Care
“The Digestive Health Care Products Market is anticipated to reach about US$ XX Mn by 2025, and anticipated to expand at a CAGR over seven years of forecast period 2019-2025” owing to increased awareness about the importance of digestive healthcare and the contribution provided by digestive health products in maintaining the overall health of an individual.
Precision Business Insights (PBI) in its report titled “Digestive Health Care Products Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
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The Digestive health care products market size was accounted for US$ XX Mn in 2018 and anticipated to account for US$ XX Mn by 2025. Increased level of gastric acids will create a demand for digestive health care products. Digestive health products are expected to emerge as a major revenue contributor to the global healthcare sector in the coming years due to the growing prevalence of digestive diseases and rising awareness about the importance of maintaining a healthy gut flora.
Digestive health care products market segmented on the basis of ingredients, sales channel, by product type and region.
Increasing Awareness about the Digestive Healthcare Products Drives the Growth of Digestive Healthcare Products Market
Rising awareness among the global populace about the importance of digestive health is expected to remain the key driver for the global digestive health products market. The growing adoption of modern dietary advances by a growing urban consumer demographic plays a vital aid for the global digestive health products market. Efforts by healthcare agencies to increase awareness about digestive health have also helped the global digestive health products market, especially in developed countries.
Diary Product Type Will Dominate the Revenue Share.
Based on product type, digestive healthcare product is segmented into diary, bakery and cereals, and nonalcoholic products. Dairy products represented more than XX% of the global digestive health products market in 2017 and are expected to remain the dominant revenue contributor to the market in the coming years. The segment accounted for US$ XX bn in 2017 and is expected to rise to a valuation of US$ XX bn by 2025. The robust XX% CAGR of the dairy products segment is expected to enable it to extend its share in the global digestive health products market to XX% over the 2019-2025 forecast period.
North America, Accounts for Major Revenue Share for Digestive Healthcare Products Market
Precision Business Insights (PBI), digestive healthcare products market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa. According to regional analysis, North America accounted for major revenue share due to increasing awareness among the population, increasing disposable income, and the rising number of the elderly population. Japan is also expected to contribute significantly to the global digestive health products market in the coming years, with the regional market expected to create an opportunity valued at more than US$ XX bn between 2019 and 2025. Awareness about healthcare and especially digestive health is high in Japan and the growing geriatric population in the region is also expected to drive the demand from the digestive health products market in the region in the coming years.
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Novel Inventions in the Healthcare and Pharmaceutical Industry Play Vital Role in Digestive Healthcare Products Market
The increasing availability of healthcare information on the Internet and the increasing emphasis of healthcare agencies on outreach programs to boost healthcare awareness among the population have helped the digestive health products market in developed countries. Consistent government backing to new innovation in the healthcare and pharmaceuticals industry in developed countries, with the development of the nutraceuticals sector presenting a novel revenue generation channel, is expected to remain a key driver for the digestive health products market in the coming years.
The key players in the digestive health products market include Chr. Hansen Holding, Nestle SA, E. I. DuPont Nemours and Company, Yakult Honsha Co. Ltd., and Danone SA. Other few dominant players in the digestive health products market are Arla Foods Inc., Cargill Inc., Mondelez International Inc., PepsiCo Inc, and General Mills.
By Ingredients Type
o Food Enzymes
By Product Type
o Dairy Products
o Bakery Products and Cereals
o Non-alcoholic Beverages
By Sales Channel
o Modern Trade
o Convenience Stores
o Online Retailers
o North America
Rest of Europe
Rest of Asia Pacific
o Latin America
Rest of Latin America
o Middle East and Africa
Rest of MEA
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